-Newsclick.in Conducted by the Delhi unit of the CPI(M) in the first two weeks of June this year, the survey reinforced the demand for schemes involving cash transfer and guaranteed employment in the national capital. A survey of the working masses in Delhi, conducted in the aftermath of the second COVID-19 wave earlier this year, has painted a stark picture of its impact on resident’s livelihoods, thereby reinforcing the demand for schemes...
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Significant Job Loss due to lockdown, Tourism Minister tells Rajya Sabha
-The Hindu Significant Job Loss due to lockdown, Tourism Minister tells Rajya Sabha. With the tourism industry among the hardest hit due to the pandemic, it is estimated that about 21.5 million people working in the sector lost their jobs during the nine-month period from April 2020-December 2020, as per the data shared by the government on Tuesday. In a written reply to the Rajya Sabha, Tourism Minister G. Kishan Reddy said a...
More »Centre's tax revenues grew despite stringent lockdown on the back of excise duties
-The Hindu Shift in tax burden comes at a time when pandemic has led to many Job Losses and reduced income levels In FY21, despite a stringent lockdown and a raging COVID-19 first wave, the gross tax revenue collected by the Centre increased over FY20. However, the increase was made possible by a sharp rise in contributions from union excise duties. This compensated for the sharp drop in the share of corporate...
More »Last resort: Indians in distress are selling gold & third wave could only make it worse -Swansy Afonso
-ThePrint.in The likelihood of financial distress caused by the 2nd wave is much higher & it could lead to more outright sales of gold, unlike in 2020, when people chose to take out loans against gold. Mumbai: Paul Fernandes, a 50-year-old waiter in India, last year took out a loan using his gold as collateral to pay for his children’s education after losing his job on a cruise liner. This year, he...
More »Growth matters but income levels matter more -M Suresh Babu
-The Hindu India needs a sharp revival of demand for which higher per capita incomes are necessary The provisional estimates of annual national income (2020-21), released on May 31 by the National Statistical Office, did not have any surprises, but for one, that is, there is nothing encouraging in the numbers. The agriculture sector continued its impressive growth performance, reiterating that it still remains as the vital sector of the economy, especially at...
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